American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

American Assets Trust, which is nearing completion of the first phase of its Lloyd District redevelopment, Hassalo on Eighth, is planning for phase two. The company has proposed building 904 apartments, 55,514 square feet of retail and 745 underground parking stalls. At the development's core will be a public plaza. (American Assets Trust/City of Portland)

Security Properties of Seattle is redeveloping the former Pacific Northwest College of Art main campus building in Portland's Pearl District. It's planning a five-story office building and a 15-story apartment building on the site at 1241 NW Johnson St. (Mithun/City of Portland)

Security Properties of Seattle is redeveloping the former Pacific Northwest College of Art main campus building in Portland's Pearl District. It's planning a five-story office building and a 15-story apartment building on the site at 1241 NW Johnson St. (Mithun/City of Portland)

Security Properties of Seattle is redeveloping the former Pacific Northwest College of Art main campus building in Portland's Pearl District. It's planning a five-story office building and a 15-story apartment building on the site at 1241 NW Johnson St. (Mithun/City of Portland)

Security Properties of Seattle is redeveloping the former Pacific Northwest College of Art main campus building in Portland's Pearl District. It's planning a five-story office building and a 15-story apartment building on the site at 1241 NW Johnson St. (Mithun/City of Portland)